RBC Bearings Incorporated (NYSE:RBCP – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 1,300 shares, a drop of 38.1% from the September 15th total of 2,100 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Trading of RBC Bearings
Large investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in RBC Bearings in the first quarter valued at about $432,000. BlueCrest Capital Management Ltd bought a new position in shares of RBC Bearings in the 1st quarter worth approximately $455,000. Bank of Montreal Can boosted its holdings in shares of RBC Bearings by 1,199,900.0% in the second quarter. Bank of Montreal Can now owns 36,000 shares of the company’s stock worth $4,407,000 after buying an additional 35,997 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of RBC Bearings in the first quarter worth approximately $10,633,000. Finally, Van ECK Associates Corp grew its position in RBC Bearings by 11.9% during the first quarter. Van ECK Associates Corp now owns 163,276 shares of the company’s stock valued at $19,934,000 after buying an additional 17,418 shares during the period.
RBC Bearings Price Performance
Shares of NYSE:RBCP opened at $123.51 on Monday. The business has a 50-day simple moving average of $128.41 and a two-hundred day simple moving average of $125.12. RBC Bearings has a fifty-two week low of $103.29 and a fifty-two week high of $136.40.
RBC Bearings Dividend Announcement
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.
Featured Stories
- Five stocks we like better than RBC Bearings
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- With Risk Tolerance, One Size Does Not Fit All
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.